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Last updated on April 19, 2014 at 8:43 EDT

MicroPlanet Announces Follow-On Order From Australian Utility

January 30, 2013

Company: MicroPlanet Technology Corp.
Stock Listing: TSXV – MP
Stock Listing (US): OTC – MCTYF
Web Site: www.microplanet.com

SEATTLE, WA, Jan. 30, 2013 /PRNewswire/ – MicroPlanet Technology Corp. (“MicroPlanet” or the “Company“), (TSXV – MP & OTC – MCTYF) (www.microplanet.com), a smart-grid energy conservation and power quality company, is
pleased to announce that it has received initial payments for a
follow-on order from SA Power Networks (SA) of Australia (www.sapowernetworks.com.au), formerly known as ETSA Utilities. The sale of 20 Low Voltage
Regulator-2′s (LVR-2′s) and two of the new Smart Voltage Regulators
(SVRs) was facilitated by MicroPlanet’s Australian distributor,
Brisbane-based SmartGrid Partners.

SA Power Networks operates the South Australian electricity distribution
network and is the fifth largest utility in the Australian national
electricity market. The company’s network services about 830,000
residential and business customers throughout South Australia.

This follow-on order of LVR’s after its first order nine months ago
demonstrates confidence in MicroPlanet technology and that our products
are becoming standard equipment more widely deployed by the nation’s
largest rural electrical utilities. The LVR-2 offers an efficient and
cost-effective way to improve power quality and maintain voltage
compliance to individual customers.  “We look forward to obtaining more
consistent orders from SA Power Networks and our other utility
customers as they continue to adopt and implement our technology”
stated Brett Ironside, MicroPlanet president and CEO.

Perhaps more importantly, the order included two new MicroPlanet three
phase SVR’s for SA Power Networks to trial and assess for performance
characteristics and potential applications in their 3 phase LV network.
The SVR is a much larger unit than the LVR-2 with many more
applications, and as stated in prior releases helps solve distributed
generation integration challenges that are becoming common with
utilities in Australia. The SVR is MicroPlanet’s standalone unit
containing the same technologies that Tyree Industries Pty Ltd. (Tyree)
recently licensed. Microplanet is well into prototyping the technology
into distribution Transformers creating the Regformer(TM). “We expect
these two products will be complementary in their respective segments,
accelerating the sales of each other in their own target markets as
users learn and understand the features and applications,” continued
Mr. Ironside.

About SmartGrid Partners
SmartGrid Partners is a solutions integrator established to provide
strategic advisory and venture capability in the rapidly emerging Smart
Grid domain.  Based in Brisbane, Queensland, Australia, SGP was founded
by veterans of the electricity and energy sectors with decades of
hands-on experience leading and advising energy concerns in Australia
and the United Kingdom.  www.smartgridpartners.com.au

About MicroPlanet
MicroPlanet’s smart grid energy management solutions improve power
quality and save energy by regulating incoming voltage to a home or
business with patented power electronics.  Its technology has been
deployed in eight countries by more than twenty utilities, the U.S.
military and numerous commercial customers to save energy, improve
power quality and grid efficiency, and to facilitate the integration of
renewable energy sources including solar and wind.  MicroPlanet is
listed on the TSX Venture Exchange (TSX-V), trading under the stock
symbol MP. www.microplanet.com

THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD
INFLUENCE ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED
IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY’S
MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS.  ACCORDINGLY, NO
ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE
FORWARD-LOOKING STATEMENTS WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM
DO SO, WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS
DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.

 

SOURCE MicroPlanet Technology Corp.


Source: PR Newswire